Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Being on multiple builders’ lists is a way to rack up more deals for loan officers. “A

Loan Officers 418

Loan Officers Mortgage Inventory Clients 418

Housing Wire

APRIL 9, 2024

The true cost of redlining Lenders need to carefully evaluate their lending strategies to ensure that they are not unintentionally practicing redlining by neglecting MMCT and LMI neighborhoods, or they may face millions in penalties. Adapting to meet the needs of an evolving homebuyer pool is vital to success in mortgage lending.

Modernization 463

Modernization Lending Legal Legal Fees 463

Housing Wire

APRIL 13, 2023

The two banks announced they have signed a definitive agreement for First Federal to acquire certain assets and liabilities of BNC National Bank’s mortgage division on Wednesday. NMLS showed the bank has 63 registered loan officers. The bank’s production volume more than halved to $1.04

Business 397

Business Mortgage Loan Officers Lending 397

Housing Wire

NOVEMBER 1, 2023

Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” We’ll definitely see between now and April more [M&A] transactions occur in the [IMB] space.

Mortgage 468

Mortgage Loan Officers Finance Buyers 468

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements. HMDA, Fair Lending etc.,”

Training 397

Training Loan Officers Lending Mortgage 397

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. A successful loan officer in this market needs a very capable qualified assistant.

Mortgage 476

Mortgage Loan Officers Inventory Business 476

Housing Wire

MARCH 30, 2023

When mortgage rates rose and demand for lower-priced mortgages grew, Kirby saw opportunities in the wholesale lending channel. Nothing in the mortgage industry is easy right now (…) With the broker model, you’ve got so many outlets to send these loans to that it’s really easy to find a home for most borrowers.

Mortgage 418

Mortgage Retail Loan Officers Lending 418

Housing Wire

APRIL 18, 2024

Return to a ‘task force’ The original task force was co-founded in 2012 by Giordano and Security One Lending ’s Torrey Larsen. But by definition, a task force comes together for a specific goal, and then could lay low for a while until needed again. That’s what we want to continue to do.” We’ve got all the ammunition.

Loan Officers 459

Loan Officers Tools Mortgage Government 459

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 369

Real Estate Agent Real Estate Agents Loan Officers 369

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. HousingWire: How is the shift from refi to purchase affecting the non-QM market?

Marketing 418

Marketing Investors Technology Loan Officers 418

Housing Wire

MARCH 15, 2024

David Peskin, formerly from Senior Lending Network and Reverse Mortgage Funding (RMF), has purchased an ownership stake in top 10 reverse mortgage lender HighTechLending (HTL) and will lead the company’s new pursuits alongside co-owner and COO Erika Macias. Peskin spoke to RMD about the move.

Loan Officers 448

Loan Officers Business Mortgage Clients 448

Housing Wire

JANUARY 18, 2023

Brown anticipates more consolidation in the industry on the mortgage production side, as “there’s less than one loan being done by a loan officer per month on average,” he said. So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise). You need a buyer and seller,” Brown said.

Housing Market 476

Housing Market Marketing Insurance Mortgage 476

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. Instagram lends itself to posting both personal and business content. Balancing your content.

Loan Officers 369

Loan Officers Business Mortgage Clients 369

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Even if mortgage rates are hovering in the 6% range, homes are still going to sell, loan officers said. I don’t think it’s a win for anyone on the lending side.

Housing Market 468

Housing Market Marketing Brokerage Real Estate 468

Housing Wire

FEBRUARY 7, 2024

Ultimately, Rithm decided to restructure its origination business at the beginning of 2024, which resulted in cuts to regional and divisional managers at Caliber Home Loans along with reductions in compensation for loan officers. Looking ahead, Santoro said he expects more activity in the mortgage origination sector in 2024. “I

Valuation 448

Valuation Business Mortgage Loan Officers 448

Housing Wire

DECEMBER 11, 2023

A top-tier borrower with a 780 FICO score and a 25-30% down payment for a single-family vanilla 30-year fixed-rate mortgage was quoted 6.875% on Thursday, said Larry Steinway, senior vice president of mortgage lending and branch manager of Revolution Mortgage. “We We are definitely seeing an uptick in demand.

Mortgage 482

Mortgage Buyers Inventory Technology 482

Housing Wire

OCTOBER 4, 2024

That’s where a mortgage loan officer (MLO) comes in. Mortgage loan officers, also known as mortgage loan originators or lending officers, generally make salary-based income with commission. This may seem challenging but you can definitely pass the exam and get your license if you study diligently.

Real Estate 448

Real Estate Loan Officers Tools Lending 448

Appraisal Buzz

MAY 22, 2024

Technology firm Finaya has launched an AI-based homeownership marketplace super-app that integrates home buying and selling, mortgage, insurance, title, closing and other related services supported by a marketplace of on-demand realtors, loan brokers, lenders and service providers.

Insurance 195

Insurance Real Estate Agent Mortgage Real Estate 195

Housing Wire

DECEMBER 6, 2022

So, about two weeks before the closing was scheduled to take place, the builder reaches out to me and was like, ‘The loan officer on your client’s file got laid off and we are assigning a new one to it.’ Fahad Janvekar, a loan officer at Fairway Independent Mortgage. I definitely have been a bit worried,” Vergos said. “I

Real Estate 370

Real Estate Real Estate Agent Clients Agents 370

Housing Wire

JULY 13, 2021

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday.

Brokerage 305

Brokerage Real Estate Clients Agents 305

Housing Wire

FEBRUARY 10, 2023

We’re in an area that’s 90% condo [business], so it’s harder for lenders that don’t know this market to lend here. Kechian : Individual loan officers mostly, [and] no other teams besides mine. I also have four other licensed loan specialists that work on my files, and then one assistant.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

Housing Wire

OCTOBER 20, 2023

Sharing your success lends to your credibility as an agent. This could include posting information regarding down payments, typical closing costs to expect, first-time homebuyer programs available, and tips on navigating lending. These should be posted in addition to testimonials.

Real Estate 435

Real Estate Agents Real Estate Agent Decorating 435

Housing Wire

AUGUST 8, 2023

In addition, HousingWire spoke to industry experts, lenders, and loan officers to share their insights on the jumbo market. Independent mortgage bankers don’t have a balance sheet, so they can’t hold loans. When banks do jumbo loans, they want to have money from the client in the bank. .

Insurance 370

Insurance Mortgage Lending Clients 370

Appraisal Buzz

JUNE 7, 2021

Josh : The course is taken by staff of lending institutions and appraisal management companies and centers on the need for companies to meet or exceed clients’ and regulators’ minimum training requirements. I have also served as the Chair and Co-Chair for the Agency Relations Committee of the Collateral Risk Network.

Training 366

Training Reconsideration of Value Valuation Appraisal 366

Housing Wire

DECEMBER 21, 2023

At the end of the day, Guaranteed Rate really is a fintech company that happens to also do retail lending, which is a very unusual combination. Many people have multiple different jobs and there are lots of multigenerational households, so the definition of what it means to earn income and how we provide value to society is really changing.

Technology 447

Technology Investors Development Loan Officers 447

Riverfront Appraisals

JULY 1, 2021

For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals. And, you’ll definitely […].

Appraisal Process 88

Appraisal Process Reconsideration of Value Final Inspection Appraisal 88

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. In a rising rate environment, ARM products are definitely more popular for clients than fixed-rate products because they’re going to take the lowest rate they can, typically an ARM.

Marketing 370

Marketing Retail Mortgage Investors 370

McKissock

APRIL 20, 2021

Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Part-time is definitely not the norm, but having a second career as an agent is common, according to the NAR member profile. Work with a coach to map out your business.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Appraisal Today

SEPTEMBER 15, 2023

To read more click here My comments: Definitely an appraisal challenge! == GSE FAQs: Appraiser Independence (AIR) (Aug. May a representative of the lender provide an appraisal management company a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer?

Appraisal 86

Appraisal Real Estate Agent Contracts Real Estate 86

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

Loan Officers 459

Loan Officers Mortgage Lending Real Estate Agent 459

Listing Spark

FEBRUARY 16, 2023

Episode Summary Julie Daniels subs in for host Aaron Jistel and Rachael Holladay, VP of Lending at Stallion Funding. About Rachael Holladay Rachael Holladay is the VP of Lending at Stallion Funding, a real estate and hard money lending firm. She has been with the company for 12 years and enjoys helping her clients be successful.

Real Estate 36

Real Estate Investing Investors Lending 36

Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Apply online today or find a loan officer near you.

Mortgage 69

Mortgage Insurance Inspection Sellers 69

Appraisal Today

MAY 12, 2023

Remember what it was like during the crash after 2008, when there were very few loans, and appraisal volume severely declined? Mortgage lending is very, very cyclical. I agree that I would be world-famous and rich if I could predict mortgage lending cycles! They are definitely dedicated. Those who adapt survive.

Appraisal 52

Appraisal Architecture Business Contracts 52

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? On a side note, I’m definitely noticing some familiar agents listing bank-owned homes right now (mostly people who were big REO agents back in the day). In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending.

Reconsideration of Value 77

Reconsideration of Value Appraisal Real Estate Insurance 77

Will Springer Realtor

MARCH 30, 2021

Here are 11 thoughts, gathered from experienced real estate agents, and shared with you: Financial backing – Before considering offers, buyers should speak with their lender to request a letter that states they are strong candidates for a mortgage loan to cover the cost of the home.

Inspection 36

Inspection Sellers Buyers Real Estate 36

PennyMac

JULY 25, 2022

What’s the difference between FHA and conventional loan options? Conventional Loan. Conventional loans by definition are loans that are not backed or insured by any government entity. Our experienced professional Loan Officers can help you find the right solution to put you in the home of your dreams.

Insurance 36

Insurance Government Investing Mortgage 36

PennyMac

OCTOBER 13, 2021

Gone are the days of bench ads, now that you can organically connect to an interested buying audience or target potential buyers with beautiful real estate visuals, whether taken professionally or even with a high-definition smartphone. Hear about your options with a PennyMac Loan Officer today.

Real Estate 41

Real Estate Marketing Real Estate Agent Agents 41